Fans of the Chase Ultimate Rewards program now have another option for redeeming their travel reward points. Singapore Airlines has joined Chase as the newest transfer partner, making it possible for cardholders to use their points to fly to any of the six continents serviced by the airline.
Ultimate Rewards points can now be redeemed for award tickets and upgrades on Singapore Airlines, Silk Air, or any participating Star Alliance airline. The Star Alliance is made up of 26 airlines including Air Canada, EgyptAir, Lufthansa, Scandinavian Airlines and United. To use their Ultimate Rewards points toward Singapore Airlines or Star Alliance purchases, cardholders must first transfer their points to Singapore Airlines’ customer loyalty program, KrisFlyer.
Points will retain their full value when transferred: one Ultimate Rewards point equals one KrisFlyer mile. There is no limit to how many points can be transferred, but they can only be transferred in increments of 1,000. When redeeming points for travel using the Chase Ultimate Rewards program, folks get a 20% discount on points. To get an idea of the value of Ultimate Rewards points, 40,000 points will get customers a plane ticket worth $500.
Other Ultimate Rewards partners where members can transfer points on a one-to-one basis include British Airways Executive Club, Korean Air SKYPASS, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, Amtrak Guest Rewards, Hyatt Gold Passport, Marriott Rewards and Ritz-Carlton Rewards.
Participating Chase credit cards
Chase cards that participate in the Ultimate Rewards program include Chase Sapphire Preferred, Ink Plus and Ink Bold. The Ink Plus and Ink Bold cards are small business cards; the Sapphire Preferred is a consumer credit card.
Chase Ink Plus for small business owners gives five points per dollar on the first $50,000 in annual spending at office supply stores, on cell phone bills, landlines, internet and cable TV service. Cardholders get two points per dollar spent at gas stations and hotels, up to $50,000 each year. All other purchases earn one point per dollar, with unlimited point-earning potential. There is a $95 annual fee for the Chase Ink Plus credit card.
Chase Ink Bold is a charge card, not a credit card, so members pay the balance in full each month, avoiding interest charges. It has the same points-earning structure as the Ink Plus card, and also comes with a $95 annual price tag—though the first year, there is no fee for either the Ink Plus or Ink Bold card. Both the Ink Bold and Ink Plus cards offer no foreign transaction fees, a benefit for international business travelers.
The Chase Sapphire Preferred card also has a $95 annual fee, waived the first year, and no foreign transaction fees. It gives cardholders two points per dollar spent on travel and restaurant purchases and one point per dollar everywhere else, with no limit to the number of points that can be earned.